5 Reasons Why You Should Buy a Home This Fall

Autumn is an exciting time of year! The holidays are just around the corner and the leaves are changing colors. Besides stocking up on your favorite pumpkin flavored items, did you know that fall’s a great time to buy a home too?

For first-time home purchasers, the fall season has a lot of advantages! So, if you’re thinking about buying a home, get those house-buying strategies ready so you can find the perfect property while saving money.

5 Reasons Why You Should Buy a Home this Fall:

  1. Motivated sellers
    Autumn’s market is thinner, less crowded, and less competitive than Spring’s. Because there are fewer house buyers during this time of year, sellers are more motivated to sell their properties and finalize transactions. As a result, sellers are more willing to negotiate, allowing you to save money.
  2. More choices
    With fewer buyers on the market, you’ll be able to see more listings in a single day. This increases your chances of discovering a property that is ideal for you in terms of features, location, and budget. Just make sure you don’t lose out on your dream home this season by speaking with a mortgage lender early on and putting money down for a down payment.
  3. Slower market
    Because there will be less competition this season, you will be able to go more slowly through the real estate market. The market will help singles and newlyweds because they will not be restricted by the school year. This is also true for first-time house purchasers who are planning to start a family before purchasing a property.
  4. Get to know the neighborhood
    This is also a good time to get a sense for the area during this golden season. Families will be seen going about their daily routines in a more relaxed setting. This can help you see if you’ll blend in with the neighborhood’s atmosphere.

    But before you fall in love with the neighborhood, don’t forget to consider if you can afford a home in that location. Aside from the average purchasing price in the area, consider the current mortgage rates. You may also opt to use our mortgage payment calculator to see if the home you’re looking at fits within your budget.

  5. New Year, new start
    Purchasing a home this autumn means that there’s a great chance you’ll be able to move into your new home in time for the new year. What a way to have a fresh start, right?

Prime Choice Funding is here for you. If you are planning to purchase a new home or refinance your existing home, we can help with your homeownership goals, call us at (877) 787-7463 or contact us here.